Line of Credit Seeks high total return with reduced risk over the long term by allocating its assets among stocks, bonds, and short-term instruments.
Maintaining a neutral mix over time of 50% of assets in stocks, 40% of assets in bonds, and 10% of assets in short-term and money market instruments though FMR may overweight or underweight in each asset class. Allocating the fund's assets among stocks, bonds, and short-term and money market instruments, either through direct investment or by investing in Fidelity central funds and Fidelity ETFs that hold such investments.
Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Fixed income investments entail interest rate risk (as interest rates rise bond prices usually fall), the risk of issuer or counterparty default, issuer credit risk and inflation risk. Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks of which are magnified in emerging markets. Lower-quality bonds can be more volatile and have greater risk of default than higher-quality bonds. Leverage can increase market exposure and magnify investment risks.
This description is only intended to provide a brief overview of the mutual fund. Read the fund's prospectus for more detailed information about the fund.
| Return Type | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs | Life |
|---|---|---|---|---|---|
FUND Fidelity Asset Manager® 50% | 8.46% | 1.41% | 5.62% | 5.92% | 7.68% |
PRIMARY BENCHMARK | 25.02% | 8.94% | 14.53% | 13.10% | 11.14% |
SECONDARY BENCHMARK | 9.08% | 2.16% | 5.56% | 5.97% | 7.30% |
MORNINGSTAR CATEGORY AVERAGE | 11.39% | 2.91% | 6.75% | 6.54% | -- |
Fidelity Asset Manager® 50% | 7.20% | 0.18% | 4.49% | 4.70% | -- |
| 8.83% | 1.21% | 4.96% | 4.85% | -- | |
Fidelity Asset Manager® 50% | 5.42% | 0.76% | 4.07% | 4.32% | -- |
| 6.70% | 1.62% | 4.68% | 4.62% | -- |